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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operations    
Net Income $ 17,723 $ 15,097
Adjustments to reconcile net income to cash provided by operations:    
Depreciation and amortization 11,876 11,311
Deferred income taxes (644) (210)
Net gains on disposal of property (90) (1,653)
Net income attributable to noncontrolling interests (42) (52)
Changes in assets and liabilities:    
Trade receivables 23,080 27,126
Merchandise inventory (47,901) (26,515)
Other current assets (785) 7,271
Other non-current assets (2,790) 1,065
Trade accounts payable 56,658 2,000
Accrued payroll and benefit costs (43,975) (18,901)
Other current liabilities 40 6,522
Other non-current liabilities (4,770) 482
Total adjustments to net income (9,343) 8,446
Net cash (used) provided by operations 8,380 23,543
Cash Flows from Investing Activities    
Proceeds from disposal of property 116 1,823
Capital expenditures for property (6,235) (6,065)
Net cash used by investing activities (6,119) (4,242)
Cash Flows from Financing Activities    
Net increase in short-term borrowings 26,036 37,361
Repayment of long-term debt 0 (1,853)
Principal payments under capital leases (2,119) (2,319)
Sale of common stock 9,302 8,523
Purchases of common stock (3,629) (2,647)
Purchases of noncontrolling interests’ common stock (355) (241)
Dividends paid (5,306) (4,983)
Net cash provided by financing activities 23,929 33,841
Net Increase in Cash 26,190 53,142
Cash, Beginning of Year 43,339 37,931
Cash, End of Period 69,529 91,073
Non-cash Investing and Financing Activities    
Acquisitions of equipment under capital leases $ 145 $ 11